2012-12-30
2012-12-30
STATION
CSPAN 6
CNNW 5
MSNBCW 5
KRCB (PBS) 2
WJLA 2
WRC 1
WTTG 1
WUSA (CBS) 1
LANGUAGE
English 24

Set Clip Length:


's utterly ridiculous that congress can't work together to help him out. >> i don't have a lot of confidence in congress. >> reporter: the farm bill will expire. the price bob gets paid for his milk will double back to 1949 standards. good news for him, but that means a gallon of milk at the grocery store will cost around $8. >> i'd drink juice. and i'm loyal to milk. >> reporter: but it's not just milk that is going to be affected by all of this. if there isn't an extension a block of brie imported from france will be half as much as a block of cheddar cheese from vermont. >> i wouldn't pay it. >> reporter: that's exactly what bob and hundreds of other farmers are worried about. >> we're the end of the line. >> and not to be left out, there is also a wind turbine cliff, a tax credit for wind powered production that is also set to expire. one energy security group says it does not expect the one-year credit extension which has been criticized as too costly to be part of any fiscal cliff deal. so many cliffs, so little time. >>> do you watch abc's hit show "modern family" it has become a bit

hogan. one of many people complaining that congress only got back together in this respect in recent days and hasn't had this worked out a long time ago. we're going to be sharing your comments throughout the afternoon. throughout the evening. go ahead and send them and martin, we'll be back later on with more. >> congress does work for the people. maybe it's good they hear from the home office from time to time. >>> well there's only one place to spend new year's eve and that is right here with anderson cooper and kathy griffin. they've got a special preview for us. >>> restore revive rejuvenate rebuild rebuild rebuild . >>> leading our coverage from times square on new year's eve. anderson cooper and kathy griffin. the two will host as the new year is welcomed around the world. they're here to tell us what's in store for us. >> i'm here with kathy griffin, kathy, the funny thing is we're on cnn weekend right now. if they're wondering who their typical viewer is, it's you, because all you're doing during the weekend is watch cnn, right? >> i am a cnn super fan, i know the entire sla

that he wanted to address it. we're hoping that congress can work together and this year we can come to an agreement on a more comprehensive immigration reform package. >> if we can solve the problem of israel and make sure that israel has a proper, proper nation with safe borders and so on and yet at the same time allow the palestinians to have their own state. if we can solve that one than many of the world's problems in terms of interfaith dialogue will be resolved. >> it's very critical for america to have good reputation to have good liaison with the muslim world. >> we do hope that the president could maybe visit a mosque or attend an american muslim institution and really show that direct engagement, that hey, listen, you are part of the american framework and part of the building of this country. >> we're cautiously optimistic that the obama administration will finally allow sikhs to service in the u.s. armed forces with their articles of faith in tact. it would be a very important and historic step. >> we'd like to see the obama administration take the lead in acknowledging

't afford a politically self-inflicted wound to our economy. >> reporter: congress will try to find compromise. >> i am still optimistic and i think we can avert this and there is enough common sense to come together and get it solved. >> reporter: a combination will kick in on january 1st. if no deal is made, president obama will press congress to vote on a plan c, one keeping tax cuts in place for most americans. in washington, mike emmanuel, fox news. >> when it comes to the spending cuts, critics are more concerned. they will be cut by $50 million what will be cut is undetermined. >> it's going to affect the operational force that is deployed in terms of its ability to maintain its equipment and to get repair parts and that forces on force is deployed around the world. not just in afghanistan but being reduced. it would impact the training of the force. >> whatever happens, citizens won't so any trouble if congress doesn't act by the new year. they have a few days to act. >>> fair cocks county police made an arrest. the 22-year-old is facing murder charges for stabbing 19- year-

to do anything with the sequester in january, because they're assuming congress will get its act together in january, february or so. so the idea that the markets are going to panic over this, you know, i think is a red herring. who knows? maybe they tank tomorrow. maybe they go through the roof. but i don't see that happening. though if it did that would drive things a little bit. >> do you have any sense they're feeling pressure from constituents at all? i would describe this as people are profoundly unhappy. >> that's a great point. congress' approval ratings are abysmal. but the pressure from the right for conservatives to cut a good deal, all this discussion about chained cpi is confusion. basically it means that republicans want to include entitlement reform as part of a deal. but why did they take that off the table? because when the debt ceiling comes next year, they can have a bigger fight about entitlement reform. so the big story today is that republicans are starting to resign themselves to the fact that this ultimate deal will be about tax rates and nothing more. >>

during their well- earned christmas break, both sides would find a way to come together and do something. >> this is n the fault of congress. congress is behaving like congress. this is the president's fault here the president needs to go to the country and explain why they need to get this done. he has never done this. >> i have heard him talk about it over and over incessantly about why we have to avoid the fiscal clip. it is the fault of congress. they created this fiscal cliff. they did it. no one else imposed this on them. >> the president has never gone to the natioand made a sio speech about debt. he ignored it the first two years. he appoints a commission that he studiously ignores for the next two years. that is why we are at the clip now. he is not serious about the debt. none of his proposals to raise taxes on the rich. he has never put any political capital in entitlement reform our tax reform. he'll talk about it here and there. never invested any capital in it. >> any difference of opinion? >> if it is such a trivial amount, the raising of taxes on the wealthy, then why the

a wayy to come together and get something done. >> this is not the fault of ngress. congress is behaving likee congressss. this is the president's fault. he needs to go to the countryy and explain why they need to get this done. he has never done that. >> we are in different universes. i have heard him talk about it over a and over, incessantly about where we should not go over the fiscal cliff. it is congress's fault. congress created this fiscal cliff. no one else to impose this on them. it is a self-imposed problem. >> the problem is that the president has never ge to the nation and made a serus speech about debt. he ignored it the first two years. he appoints aommission that he studiously ignores for the nextt two years. that is why we are at the fiscal cliff now. he is not serious about that. none of his proposals the raise taxes on the ridge. it is 8 cents on the dollar. it is a trivial amount money, and he has never put any political capital in entitlemement reform. you talk aut it here or there. never invested in the capital in it. >> i think we have a difference of opinion here.

and in the next few days, leaders in washington have a . -- an important responsibility to work together to do just that. unless the congress of president act immediately, every american will be forced to pay for the largest tax hike in our nation's history on january 1. at the same time, the federal government, including our armed forces, will undergo deep budgetary cuts. these are the cuts that president obama promise to run the campaign would never take effect. what we need to reduce spending, we can do it in a smarter way. economists not representing either political party have continually warned that going over the so-called fiscal cliff will lead to devastating job losses at a time when american families and small business owners are still struggling to get back on their feet. in contrast, the nonpartisan congressional budget office estimates extending tax rates for all americans would create the 1.8 million jobs and increase the nation's gross domestic product by almost 1.5% next year. every american taxpayer that the tax cut in 2001. those cuts were good for the economy and families. c

tradition in both houses. you have a split congress with both sides not working together. you are exactly right, this is the majority of one house, moving into the other. host: are you still there? caller: i agree with his explanation, but everything comes across two very read and he does not bring it up for a vote, then my senator, that meet stabbed now -- at least cavanaugh -- debbie stabinau, does not get her chance. she never gets to prove herself. that is what i am concerned about. for example, they make the same amount of money that i do, owning a restaurant. i pay three -- $30,000 in taxes, now the government is asking me for $40,000? how is that fair when we make the same amount of money but my business makes me -- makes more? how, i do not get charged at the uaw rate? guest: it tax law is complicated and complex. you're giving tax of the profits the to earn, not the total revenue that you bring in. if you have a restaurant that is burning, you should be proud of the job you are in and it is a little bit frustrating, which in the stand. i cannot really defend the tax code. this do

a split congress the two sides aren't working together the two parties aren't working together. but you're exactly right. this is an attempt for the majority of one house to thwart the majority of the other. both houses are frustrated. caller: i agree with his explanation. but if everything comes across to harry reid and he doesn't bring it up for a vote, then my senator debbie stab now who claims a to be a spall business backorer doesn't get to show her cards. so i have to believe the commercials that she put out to get herself reelected but then she never gets to prove herself ptf. and that's what i'm concerned. my brother works for the uaw. he makes the same amount of money that i do. he pays about three grand in taxes. i pay 30. and now the government is asking me for 40. how is that fair when we make the same amount of money but my business makes way more than 250,000? now, but i get charged at the rich man's rate. how come i don't get charged at the uaw rate? guest: tax law is complicated and complex. i'm not going to try to defend all of it. as a small business person you're get

was modestly optimistic yesterday but we don't yet see an agreement and now the pressure is on congress to produce. >> that was president obama urging republicans to come together on a fiscal cliff deal. the comments drew a quick response to john boehner who said republicans made every effort to reach the balanced deficit agreement that the president promised the people. we have been responsible and reasonable. the president is the one who has never been able to get to yes. we are learning that the fiscal cliff talks have hit a major setback today. joining us is oklahoma congressman tom cole. what are you hearing? are you hopeful that there is a deal today? >> i am probably the last optimist in washington. all the parties that can make a deal are in town. that is a step in the right direction. there is very serious negotiations going on now between senator mcconnell and leader reed. they have found common ground. i wouldn't be surprised that there are bumps along the way but the senate will get something done and it moves to the house. and what senate would be extraordinary important. >

tore perspective. i would hope that the white house, the senate, the congress would be able to come together, republicans and democrats to layout a more strategic vision for the future. and we need to simplify the tax code and make it fairer. we need to make sure that government spending is brought under control, and not in a corrosive way or an abusive way, but in a way that makes sense we we can demonstrate so we are serious about controlling our deficit. we have a trillion dollars worth of deficit over year, and we need to sustain that. we know the wealthy will have to pay more and the poor will have to have fewer benefits and the middle class will have to deal with fewer programs and the middle class will have to give away subsidies in exchange for a lower tax rate, but swrae to move forward and create more jobs and grow the economy because the only way to head the recovery. >> i want to pick up on the word certainty, and i have a feeling uncertainty may be the new normal. our business leaders are going to have to figure out a way to make money in a less certain environment. tha

simultaneously as chair and ranking member in a standing committee for the entire congress, but we worked together on numerous measures assisting america's greatest job generators, our small businesses. in a shining example of what is possible with civility and a bipartisan team worked, senator ted kennedy and by co-authored the landmark genetic nondiscrimination act to stop insurance companies from denying and dropping coverage based on genetic tests on individuals would not forego those potentially lifesaving tests. at that juncture, democrats were in the majority. he approached me and he said essentially because of my work on the legislation, that had made possible, it should have been kennedy-snowe, a magnanimous gesture from the legislative lion. it passed in 2008 and has been the first major civil rights act of the 21st century. madam president, there are templates to work together effectively in the united states senate on behalf of the american people, but on occasion, it is the very institution of the senate itself that is preserved when we stake out common ground. even in the hi

of those cuts are in defense alone. >> well, the other part of the fiscal cliff is congress agreed that they would cut an additional $1.2 trillion in spending. they put a committee together to try to come up with those numbers. they didn't figure out how to do it. and so what we now have is a situation where these automatic spending cuts go into place. now if we have raised some revenue by the wealthy paying a little bit more, that would be sufficient to turn off what's called the sequester. these automatic spending cuts. and that also would have a better outcome for our economy long term. but, you know, so far at least, congress has not been able to get this stuff done. not because democrats in congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> when you talk about a dysfunction in washington, you signed this legislation setting up the fiscal cliff 17 months ago

of those cuts in defense alone. >> well, the other part of the fiscal cliff is congress agreed that they would cut an additional $1.2 trillion in spending. they put a committee together to try to come up with those numbers. they didn't figure out how to do it. and so what we now have is a situation where these automatic spending cuts go into place. now if we have raised some revenue by the wealthy paying a little bit more, that would be sufficient to turn off what's called the sequester, these automatic spending cuts. and that also would have a better outcome for our economy long-term. but you know, so far at least, congress has not been able to get this stuff done. not because democrats in congress don't want to go ahead and cooperate. but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit. as part of an overall deficit reduction package. >> you talk about a dysfunction in washington. you signed this legislation setting up the fiscal cliff 17 months ago. how

people along the pathway that will hopefully bring us together in a different way. >> i read that you have said that you will not lobby congress. is that correct? >> it is not my intention to be a lobbyist. >> our half hour is finished. thank you, congressman, for your time. >> thank you. good to be with >> next here on c-span, "washington journal per " both chambers of congress or are in today for an unfinished the edges of the business, including a possible deal on the so-called fiscal cliff. the senate is in at 1:00 p.m. eastern to considered the chief executive nominations. votes are scheduled at 2:00 p.m. eastern. live coverage of the senate on c-span 2. in the senate, members will have votes as early as 6:00 p.m. watch for live coverage here on c-span. next on "washington journal," we continue the conversation on the fiscal cliff followed by a

on the fiscal cliff. will congress and the white house be able to come together in time to avoid a 500 billion dollar tax hike. live reports from washington just a second away. >> dave: and president obama ordering pay raises for members of congress and other federal workers, even though we're dangling off the edge of the fiscal cliff. >> juliet: love it. >> dave: might cut your paycheck. we're not kidding. more info on that. >> clayton:'s he one of our favorite television neurotic guys, he's neurotic in real life, larry david. >> you came by the hall, wouldn't let me get by wouldn't let you get by me? >> my appointment was 11:30, yours is 11:45. >> clayton: turns out being neurotic may actually be good for you. we'll explain. "fox & friends" hour two starts right now. ♪ >> oh. >> juliet: why is that good news? why are you smiling about that neurotic thing? >> i agree with larry david on a lot of things. stop and chat, laboring about it all day, stop and chat. >> juliet: i move it along and the elevator is the worst. >> dave: stop and chat and you want to talk to clayton and you get natalie

nation's capital to come together. >> wall street is typically quiet her this time of year, of course, this last week of 2012 was marked by investinor concer over congress' new year's eve plans and that looming fiscal cliff. so what impact does it have on your money? alison deans is with us, senior adviser at varick asset management. nice to see you. happy new year. do you have two plans for 2012, one that includes the fiscal cliff and one that doesn't? how do you prepare for the new year as an investor? >> pretty much. i mean, the outcome, if there is some type of healthy resolution to the fiscal cliff, even if they defer it for a week or two but come up with some healthy resolution, i think it bodes really well for global markets. if we wind up going into fiscal cliff and the world loses any faith in our government to accomplish anything that's helpful or relevant, think that could impact the markets and it could impact the economy. >> there has to be a long-term impact, though. i mean, les face it. any deal that they can come up with is an austerity deal. it will involve some formf

is apparently playing "come together" in their conference meeting, on twitter. the first speaker was center barbara boxer from california calling on the congress to act on the fiscal cliff. -- senator barbara boxer. >> we can sit here and watch what is happening. we know that there are negotiations going on to avert at least part of the fiscal cliff. i want to say, and i have said this privately and publicly that i really hope our leaders can find a way out of this. i watched the president's speech today and i thought, as usual, he was very fair in what he said. what he basically said it is it is the middle class who grows this economy, the middle class needs to be lifted up, the middle class to cannot afford the tax hikes down those at the very top can give just a little bit more. it is a very simple point. i just would hope, given that everyone says it is not about class, and i know they say that every day on the other side of the aisle. finding this compromise will not be inclusive but will come to pass. . you you know, i have been here for a while. my understanding is we have not met be

't republicans and democrats get their act together and compromise? >> well, i think this previous discussion we were just having is kind of an example of what's happening in congress is, you know, democrats, liberal democrats really believe that taxes don't matter around they can continue to raise them as high as they want. i happen to think they are critically important. i think it is insane to be raising taxes on investment and businesses right now i think it will make america less competitive and destroy jobs in this country, but the point is you've got a big philosophical difference of opinion on these things and they are not small matters but big meters of about the direction of our country for the next 10, 20 years. look, it's one thing to get a compromise and an agreement but an agreement that laid the country in the wrong direction, that doesn't benefit anyone. >> if we are so passionate in our position and unwilling to give, ron where do we go from here? there is is a structural point you can add to what steve said, exactly right you not small ball it is a big difference. you have dist

verne is starting to be diminished by the polarization in congress and it should frustrate americans, great ireports, people deal with different people with different opinions every day, they find a way to work together and solve problems. how come that attitude is totally absent in washington? >> i think one of the great -- certainly the greatest things of americans is the ability to compromise. you seem to be implying here that all of democracy is threatened by this. >>? a crisis of self-government. we have had divided government that's worked beautifully before. we have got the marshall brandon, the highway system, civil rights bills in the 1960s, lbj as president, dirkson in the senate. we have done this before, all the accomplishments of the reagan era this disfunction is something new, the result of the polarization, party he is being more polarized than ever before, the increased power of the professional partisan activist class, actively arguing on other side to not make a deal saying a bad deal is worse than no deal, go over the cliff. these voices have real influence right

party in congress on spending cuts as there is between john boehner and his caucus on taxes. there is great distance in how far that party has to go to come together to do the kind of entitlement cuts that we still need to see at some time, whether this month or this year or next year. there's a long way to go. they have never been as close as people think on this topic. >> o'donnell: that's interesting, you're saying in terms of messaging the white house has done a good job in keeping this-- >> brilliant. right on taxes. on spending, every time the white house suggested a little bit of spending cuts, social security, med character immediately the democratic caucus said no. >> o'donnell: isn't that the thing about the boehner deal the president said this morning, he was willing to go father on spending cuts that made democrats mald at him and he couldn't get boehner to accept that. >> that's right. he was willing to raise the age of eligibility for medicare-- >> o'donnell: which dick durbin opposes. >> he was willing to change the way consumer price index is calculated for s

for congress to make a deal and avoid the fiscal cliff. leaders from both political parties have expressed hope that a deal can be reached. in the senate negotiators worked late into the night trying to put together a plan, and the whole senate will come together in a few hours from now for a rare sunday session beginning at 1:00. an hour later the house will meet. in a world far away from the capitol, everyday americans are growing frustrated with political leaders and their lack of action when so much is at stake. we asked or cnn i-reporters to send us their messages for washington and we got a ton of responses. lynn to vernon hill with a bit of advice for politicians. >> my new year's message it to washington is to grow up, act like adults, do juror jobs or resign immediately. we are tired of you being useless and refusing to do your jobs. >> here's one from missy with her take on the men and women in congress. >> this whole fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you are off in la-la land and everyone is saying how you're

for opportunities to work together and i know -- it's really not as simple as you might think it is. at the end of the day, these people outside of congress who get republican members to sign pledges and who punish them with people who are further to the right than they are with primaries who are really driving this national conversation right now. that, to me, is the real problem. there are people that believe the myth that, you know, poor people have too much money and rich people don't have enough. and if rich people had more money, they'd invest in planning equipment and hire the rest of us. we tried thatnd ait didn't work and it hadn't worked. it's a failed economic philosophy. we need to reject it. that's the real problem. people sitting outside of congress, pulling strings, particularly on the right side of the political spectrum. >> congressman, only a few seconds left. we asked senator merkley this earlier and i'll ask you. it's sunday and we're up against this january 1st deadline. it's a soft deadline but we're up against it. what's your best read on the situation right now? do you t

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